Kraken, a crypto exchange, reported that its revenue more than doubled in the third quarter compared to the same period last year. The company has expanded its trading offerings through strategic acquisitions and new product launches.

In 2025, Kraken acquired The Small Exchange to facilitate its expansion into US derivatives trading, enhancing its offerings for eligible clients. The exchange also introduced new perpetual futures contracts, providing users with increased buying power options directly tied to market movements.

Kraken’s growth reflects rising demand for digital asset trading as more investors enter the market.